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SportBusiness International Newswire

An investment group led by former Washington Capitals co-owner Jon Ledecky and Scott Malkin has struck a deal to acquire a “substantial” minority stake in the New York Islanders that will increase to a controlling shareholding in the National Hockey League franchise in two years’ time.

Italian Serie A football club AC Milan will head to the Court of Arbitration for Sport (CAS) after Uefa imposed the stiffest sanction so far on a team from one of Europe’s top five leagues for a breach of its financial fair play regulations.

The Ricketts family, owners of Major League Baseball (MLB) franchise the Chicago Cubs, have announced they are in talks to acquire Italian Serie A football club AC Milan, but they will reportedly face competition from another US party.

Lega Serie A, the organising body of the top division of Italian club football, is set to enter into private negotiations over its media rights with Spanish agency Mediapro after talks with broadcasters failed to result in an agreement satisfying its goals for its next domestic contract.

Lega Serie A, the organising body of the top division of Italian club football, has said it will enter into private negotiations with bidders for its domestic broadcast rights after offers opened yesterday (Monday) failed to meet the minimum revenue target of €1.05bn ($1.26bn) per season.